IWM pushes through previous session high

iShares Russell 2000 ETF (IWM) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team


IWM closes higher for the 3rd day in a row
IWM pushes through previous session high
IWM rises to highest close since Inception


Moving higher for the 3rd day in a row, IWM finished Thursday at 161.66 gaining $0.74 (0.46%). Today's closing price of 161.66 marks the highest close since Inception. Closing above Wednesday's high at 161.32, the ETF confirms its breakout through the prior session's high having traded $0.68 above it intraday.

Daily Candlestick Chart (IWM as at May 17, 2018):

Daily technical analysis candlestick chart for iShares Russell 2000 ETF (IWM) as at May 17, 2018

Thursday's trading range was $1.25 (0.78%), that's below last trading month's daily average range of $1.90. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Market Conditions for IWM as at May 17, 2018

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